Insurance premiums continue to spiral, says reform alliance

Survey shows increases despite fall in claim costs

The survey shows the hospitality sector saw premiums increase 9% despite a significant drop in the level of activity. Picture: iStock

Insurance premiums continue to spiral even as costs plummet, the Alliance for Insurance Reform has said.

Publishing the results of an ongoing survey of more than 450 businesses and voluntary groups, the alliance said premiums in some sectors have jumped more than 120% despite trends in claims costs and recent reforms.